Global Markets

European stocks gain

From Global Markets 9:11 am

European Markets Recover After Asian Stocks End Higher

Markets show signs of recovery after sharpest single-day fall.

Germany

From Global Markets 9:01 am

Germany's Q1 GDP Growth Edges Up on Private Consumption

Gfk German Consumer Climate Index rises to 6.5 from 6.2 in previous month.

The Interstate Bridge carries I-5 over the Columbia River from Portland to Vancouver.

From Economy 7:35 am

Holiday Travel Headaches Ahead of Memorial Day Weekend With Collapse of US Washington Bridge

Holiday revelers looking forward to the Memorial Day Weekend are being advised to work around their travel itineraries as authorities expect a massive holiday-related traffic jam following the collapse of a portion of the Interstate 5 Skagit River Bridge in Washington, US on Thursday evening.

Mario Draghi

From Economy 7:04 am

Mario Draghi Calls For Further Efforts to Centralise European Banking Sector

European Central Bank President says 'Europe needs a more European UK.'

Japanese stocks rebound

From Global Markets 6:10 am

Most Asian Markets Open Higher While Nikkei Bounces Back

Wall Street opens lower but makes up most of the losses by end of day owing to rally in HP stock.

3D-Printed Gun ‘The Liberator’ Will Kill Both Target and Owner – NSW Police

From Politics & Policy 6:09 am

3D-Printed Gun ‘The Liberator’ Will Kill Both Target and Owner – NSW Police

Police officials in the state of New South Wales have personally downloaded, created and experimented with the 3D-printed gun "The Liberator" and found the plastic gun will hit both target and owner.

Bad days are gathering over China’s manufacturing in May

From Global Markets 5:35 am

Bad Days are Gathering Over China’s Manufacturing in May

Apparently, signs of the China's economic recovery are weakening as the latest flash manufacturing PMI showed that factory activity slumped significantly in May. Data released by HSBC Holdings Plc indicated that the economic growth of the world's second economy was visibly slackening in the second quarter of the year. It seems that bad days are gathering over China's manufacturing.

From Global Markets 5:34 am

More Background Noise From Ben Bernanke

Yesterday we wondered whether Federal Reserve Chairman Ben Bernanke, in his speech to Congress, would come out in support of his colleagues (and the banks) or whether he'd speak with one eye on his legacy.

US Stock Market

From Global Markets 5:16 am

Australian Stock Market Report – Midday 5/24/13

Despite a slight rise on the open, local shares are falling by 1.3 per cent, taking the losses for the week so far to more than 3.5 per cent. If markets continue in this direction for the rest of the session, we're set to have the worst week in a year.

Japan and Jamaica on Monday have formally launched a pilot project to test the commercial viability of the island's bauxite waste, more known as red mud, for possible rare earth elements.

From Economy 3:27 am

Low Global Prices, Japan Demand Help Improve China April Rare Earths Export, But Will Recovery Last Long?

Latest data from the China Customs Statistics Information Center had revealed that China, which feeds more than 95 per cent of the world's demand for rare earths, had exported 2,196 metric tonnes of the precious metals in April, buoyed by the prevailing low global market prices as well as improved demand from Japan.

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